Fuel tax credits

The ATO recently released a draft ruling (MT 2018/D1) that would mean claims for input tax or fuel tax credits would have a time limit imposed on them. The draft ruling sets out the Commissioner’s view on time limits applying to the entitlement to claim an input tax or fuel tax credit set out

Small business owners are reminded that fuel tax credit rates increased for fuel acquired from August 1, 2015. Don’t forget fuel tax credit increase. While the next due business activity statement (BAS) is for July (lodgement due by August 21), the following BAS will be for August, which is due by September 21. That’s right,